Praxair (NYSE:PX): UBS Keeps Buy Rating Today, Has a Target of $160/Share

November 7, 2017 - By Henry Gaston

 Praxair (NYSE:PX): UBS Keeps Buy Rating Today, Has a Target of $160/Share

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.14, from 1.04 in 2017Q1. It turned negative, as 53 investors sold Praxair, Inc. shares while 303 reduced holdings. 94 funds opened positions while 226 raised stakes. 235.97 million shares or 0.10% more from 235.73 million shares in 2017Q1 were reported.

Dubuque Fincl Bank &, a Iowa-based fund reported 19,746 shares. Hm Payson & holds 0.13% or 21,193 shares. Impax Asset Management Ltd holds 1.05% or 235,498 shares in its portfolio. Fruth Inv holds 36,792 shares or 2.29% of its portfolio. Montrusco Bolton Invs holds 85,233 shares. Roundview Capital Ltd Llc holds 0.26% in Praxair, Inc. (NYSE:PX) or 6,690 shares. Illinois-based Balyasny Asset Mgmt Ltd has invested 0% in Praxair, Inc. (NYSE:PX). Ci Glob Invs, a Ontario – Canada-based fund reported 1.93 million shares. Birch Hill Invest Advsr Llc stated it has 4,054 shares. National Bank & Trust Of The West has invested 0.06% in Praxair, Inc. (NYSE:PX). Ibm Retirement Fund owns 7,010 shares or 0.19% of their US portfolio. Marble Harbor Inv Counsel Limited Co has 11,690 shares for 0.34% of their portfolio. West Virginia-based City has invested 0.02% in Praxair, Inc. (NYSE:PX). Jacobs Company Ca reported 1% of its portfolio in Praxair, Inc. (NYSE:PX). Ahl Partners Ltd Liability Partnership, a United Kingdom-based fund reported 23,342 shares.

Praxair (NYSE:PX) Rating Reaffirmed

Praxair (NYSE:PX) just had their share rating of a ‘Buy’ issued by research analysts at UBS, who now has a $160 target price on the $42.56B market cap company or a 7.63 % upside potential. This key information was disclosed to clients in analysts report on Friday morning.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.14, from 1.04 in 2017Q1. It turned negative, as 53 investors sold Praxair, Inc. shares while 303 reduced holdings. 94 funds opened positions while 226 raised stakes. 235.97 million shares or 0.10% more from 235.73 million shares in 2017Q1 were reported.

Dubuque Fincl Bank &, a Iowa-based fund reported 19,746 shares. Hm Payson & holds 0.13% or 21,193 shares. Impax Asset Management Ltd holds 1.05% or 235,498 shares in its portfolio. Fruth Inv holds 36,792 shares or 2.29% of its portfolio. Montrusco Bolton Invs holds 85,233 shares. Roundview Capital Ltd Llc holds 0.26% in Praxair, Inc. (NYSE:PX) or 6,690 shares. Illinois-based Balyasny Asset Mgmt Ltd has invested 0% in Praxair, Inc. (NYSE:PX). Ci Glob Invs, a Ontario – Canada-based fund reported 1.93 million shares. Birch Hill Invest Advsr Llc stated it has 4,054 shares. National Bank & Trust Of The West has invested 0.06% in Praxair, Inc. (NYSE:PX). Ibm Retirement Fund owns 7,010 shares or 0.19% of their US portfolio. Marble Harbor Inv Counsel Limited Co has 11,690 shares for 0.34% of their portfolio. West Virginia-based City has invested 0.02% in Praxair, Inc. (NYSE:PX). Jacobs Company Ca reported 1% of its portfolio in Praxair, Inc. (NYSE:PX). Ahl Partners Ltd Liability Partnership, a United Kingdom-based fund reported 23,342 shares.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Among 20 analysts covering Praxair (NYSE:PX), 9 have Buy rating, 3 Sell and 8 Hold. Therefore 45% are positive. Praxair has $16200 highest and $103 lowest target. $132.27’s average target is -11.03% below currents $148.66 stock price. Praxair had 40 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. As per Wednesday, January 13, the company rating was upgraded by Seaport Global Securities. The firm earned “Overweight” rating on Friday, January 27 by JP Morgan. The stock of Praxair, Inc. (NYSE:PX) has “Sell” rating given on Wednesday, August 12 by Zacks. As per Monday, April 4, the company rating was downgraded by Deutsche Bank. The firm earned “Underperform” rating on Friday, January 22 by Bank of America. The firm earned “Buy” rating on Friday, October 27 by UBS. Credit Suisse reinitiated Praxair, Inc. (NYSE:PX) rating on Thursday, March 24. Credit Suisse has “Neutral” rating and $117 target. KeyBanc Capital Markets downgraded Praxair, Inc. (NYSE:PX) on Tuesday, February 2 to “Sector Weight” rating. The stock of Praxair, Inc. (NYSE:PX) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 24.

About 454,516 shares traded. Praxair, Inc. (NYSE:PX) has risen 17.42% since November 7, 2016 and is uptrending. It has outperformed by 0.72% the S&P500.

Praxair, Inc. is an industrial gas company. The company has market cap of $42.56 billion. The Company’s activities are organized into five divisions, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. It has a 26.44 P/E ratio. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment.

More notable recent Praxair, Inc. (NYSE:PX) news were published by: Streetinsider.com which released: “UPDATE: Citi Upgrades Praxair Inc. (PX) to Buy” on October 30, 2017, also Streetinsider.com with their article: “Praxair Inc. (PX) PT Raised to $176 at Jefferies; Reiterates Buy” published on October 27, 2017, Nasdaq.com published: “Praxair Inc. (PX) Beats Q3 Earnings and Revenues” on October 26, 2017. More interesting news about Praxair, Inc. (NYSE:PX) were released by: Businesswire.com and their article: “AMbition Grant Supporting Additive Manufacturing for Universities in North America” published on November 02, 2017 as well as Businesswire.com‘s news article titled: “Proposed Business Combination Between Praxair, Inc. and Linde AG Receives …” with publication date: October 16, 2017.

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